SGTM Secures a 2.8 Billion Dirham Contract for the Renovation of the Fès Sports Complex
SGTM Wins Contract for Rehabilitation of Fès Sports Complex
The SGTM group has secured the contract for the rehabilitation of the first phase of the Fès Sports Complex, amounting to over 2.8 billion dirhams. This project is part of the national program aimed at modernizing sports infrastructure in preparation for forthcoming major international sporting events.
The selection of SGTM followed the opening of bids conducted by the National Agency for Public Equipment (ANEP), which concluded its assessments on October 2, 2026.
SGTM submitted a financial offer of 2,825,100,670.80 dirhams, which was accepted at the end of the bidding process. This bid outpaced the consortium formed by Moussadek Bouchta (EMB) and Inter Tridim, whose offer totaled approximately 3,151,650,079.80 dirhams.
The competition for this contract commenced on September 23, with two bids in contention for a project that was initially estimated to cost around 2.816 billion dirhams.
The first phase of construction will include demolition and stripping works, structural and waterproofing work, metal framework installation, as well as finishing tasks involving coating, false ceilings, carpentry, and painting.
The execution timeline has been set at 20 months. This initiative falls under the national program aimed at refurbishing and modernizing sports facilities, particularly in preparation for the 2030 World Cup, which Morocco will co-host with Spain and Portugal.
This new contract comes as SGTM continues to strengthen its foothold in large-scale construction and infrastructure projects in Morocco, amidst a growing number of initiatives related to transportation, public facilities, and sports infrastructure.
As of the end of June 2026, the group’s order book stood at approximately 34.8 billion dirhams, slightly down from 35.1 billion dirhams at the end of 2025, indicating the ongoing demand for current or scheduled projects.
Financially, SGTM reported a 7.2% decline in consolidated revenue for the first half of 2026, amounting to roughly 6.6 billion dirhams. However, the group saw an improvement in profitability, with a net income increase of 7.3%, reaching approximately 793 million dirhams over the same period.
With this new project, SGTM further enhances its portfolio in the sector of major infrastructure and adds a significant venture in sports equipment, set to gain momentum as Morocco approaches its hosting of major international events.
